Posts Tagged ‘Wildlife premiums’

Not totally unexpected…

Tuesday, December 21st, 2010

REDD mechanisms, recently established in Cancún, laid the carpet for escalating claims of “avoided emissions”. A first major shot was fired by the director general of the UN convention to combat desertification (UNCCD), Luc Gnacadja.

He claims that slowing desertification and land degradation decreases the emission of carbon dioxide stored in the top-soil. A recent article in the Guardian (a UK newspaper) has him saying that people must be paid via global carbon markets for preserving the soil.

people must be paid via global carbon markets for preserving the soil

This claim should come as no surprise given the payments budgeted for reduced rates of deforestation in the tropics. There will certainly be other claimants soon : oceans, grasslands, wetlands…

REDD has also generated concern about its effects on biodiversity, which has led the world bank to set up a wildlife premium for wildlife friendly policies aimed at reducing deforestation.

Unfortunately, this premium only applies to emblematic species such as large mammals that require large forest areas. These species are often protected.

Does the bank’s market-based instrument mean that governments will be rewarded financially for not destroying a protected species’ habitat? Leaves you wondering doesn’t it?